PUTRAJAYA (Aug 15): HeiTech Padu Bhd's unit Dapat Vista (M) Sdn Bhd is looking for up to RM20 million to fund technology developments and marketing activities for its e-government service payment platform MyPay.

"From a business and investment perspective, we can always do with more investment and funding to grow and market our product," MyPay chief executive officer Nick Liew told a press conference at the launch of the platform today.

Liew said that at present, MyPay's funding is provided by HeiTech Padu.

He said the new funding would be used to look into developing more advanced technology, in particular security development.

In addition, the group would be looking to use the additional funding to conduct marketing exercises to reach a wider consumer base.

While not disclosing the platform's current number of users, MyPay chief technology officer Joshua Smith said MyPay aims to sign up 300,000 users in the short term, and up to a million users in the medium term.

MyPay, which currently connects 10 government agencies (such as the Election Commission and the National Higher Education Fund Corp) to platform users, is targeting to raise the number to 20 agencies in the short term and between 30 and 40 agencies in the medium term.

HeiTech Padu has an 80% stake in Dapat Vista, with three individuals holding the balance 20%.